Subjects

Accounting

Accounting deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports. The subject encompasses accounting knowledge, skills and values that focus on financial accounting, managerial accounting and auditing fields. These fields cover a broad spectrum of accounting concepts and skills to prepare learners for a variety of career opportunities.

Subject Overview

Grade 10

TERM 1

  • Indigenous bookkeeping
  • Ethics (introduction)
  • GAAP Principles
  • Internal control (introduction)
  • Bookkeeping of a sole trader

TERM 2

  • Value Added Tax (VAT)
  • Salaries and Wages
  • Final Accounts

TERM 3

  • Financial Statements
  • Adjustments
  • Analysis and interpretation on financial statements

TERM 4

  • Cost accounting; Manufacturing concepts
  • Budgeting

Grade 11

TERM 1

  • Reconciliations
  • Fixed Assets
  • Bookkeeping of a Partnership

TERM 2

  • Partnerships: Analysis and Interpretation
  • Bookkeeping of  a Club

TERM 3

  • Cost Accounting
  • Budgeting
  • Cash Budget
  • Inventory systems

TERM 4

  • Value Added Tax (VAT)

Grade 12

TERM 1

  • Companies: Unique transactions
  • Companies:  Final account
  • Companies: Analysis and interpretation
  • Companies: Analysis of published financial statements and audit reports

TERM 2

  • Ethics
  • Fixed Assets
  • Internal Control
  • Inventory Systems
  • Reconciliations
  • Value Added Tax (VAT)

TERM 3

  • Cost Accounting: Production Statement with notes, Trading and Profit and Loss Statement, calculations
  • Budgeting

TERM 4

  • Revision and examination preparation

SKILLS/CHARACTERISTIC TRAITS PUPILS SHOULD POSSESS IN ORDER TO DO ACCOUNTING:

  • A good work ethic
  • Attention to detail
  • Analytical skill
  • Good organisational skills
  • Good time management
  • Critical thinker
  • Perseverance
  • Self-discipline
  • Problem-solving skills

POSSIBLE CAREER/JOB OPPORTUNITIES:

  • Bookkeeper
  • Business management
  • Tax specialist/consultant
  • Auditing
  • Management consulting
  • Broker
  • Banking
  • Accountant
  • Chartered Accountant